SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: donald sew who wrote (11253)4/16/1999 7:20:00 PM
From: Ken98   of 99985
 
Don and Vitas, what were the things that all of the skeptics talked about during the last 6 months that would have to occur to make them bullish? A-D? RUT? Dow in an uptrend? Dow theory confirmation? All of which are happening now but something else seems to be happening.

Look at the dollars coming out of stocks like these:

quote.yahoo.com

compared to dollars coming in to:

quote.yahoo.com@^djt

Yea, its great that the RUT and the DJT are moving again, but its small peanuts compared to dollars coming out of the glamour stocks. This is really going to hurt mutual fund returns.

Also, could someone run a comparison chart of the price of oil the last 5-10 trading sessions compared to the DJT? How logical is it that these companies should go up when their largest cost component is going through the roof?

It is either just option expiration or distribution. The next few days should give a clue which it was. The price of oil will be a big part of that clue along with the performance of the glam stocks the next few days.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext